BILL OF LADING COMMONLY SERVES THREE PURPOSE: EVIDENCE OF THE CONTRACT OF CARRIAGE: 1. THE BILL OF LADING IS EVIDENCE OF THE CONTRACT OF CARRIAGE. 2. IT IS NOT THE CONTRACT OF CARRIAGE ITSELF. 3. THAT CONTRACT BETWEEN THE CARRIER AND SHIPPER HAS CREATED WHEN THE GOODS ARE LOADED ON BOARD THE SHIP AND THEREFORE ALREADY EXIST BEFORE THE BILL OF LADING IS ISSUED. 4. IF THE CARGO WERE TO DAMAGE BEFORE ISSUING THE BILL OF LADING, THE SHIPPER WILL BE ABLE TO CLAIM UNDER THE CONTRACT OF CARRIAGE AS IF THE BILL HAD BEEN ISSUED. 5. BETWEEN CARRIER AND CONSIGNEE, THE BILL OF LADING WILL BE THE ACTUAL CONTRACT OF CARRIAGE. RECEIPT OF THE GOODS BY THE CARRIER: BOL RECORDS: 1. THE DATE ON WHICH THE FULL QUANTITY OF GOODS WERE RECEIVED BY THE CARRIER. 2. EVIDENCE OF THE APPARENT CONDITION. 3. QUANTITY OF THE GOODS ON RECEIPT INCLUDING MARKS, NUMBER. 4.QUANTITY OR WEIGHT. 5. PLACE OF ISSUE. 6.THE LOAD AND DISCHARGE PORT. BILL OF LADING AS A DOCUMENT OF TITLE: THE RIGHTFUL HOLDER OF A BILL OF LADING HAS THE RIGHT TO TAKE POSSESION AND DELIVERY OF THEGOODS UPON SURRENDER OF AN ORIGINAL BILL OF LADING.